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G7 Grouping

Posted on October 12, 2022 by admin1  740

In News 

The Ukrainian President  appealed to leaders of the Group of Seven nations for more air defence capabilities .

  • The G7  pledged continued “financial, humanitarian, military, diplomatic and legal support  after Russian forces launched mass strikes

About The G7

  • It is an informal forum of leading industrialised nations, which include Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.
    • As of 2022, G7 countries make up 10% of the world’s population, 31% of global GDP, and 21% of global carbon dioxide emissions.
  • Origin : The Grouping began as the Group of Six in 1975- with a meeting of leaders of US, UK, West Germany, Italy, France and Japan, as a result of the Oil crisis and global currency exchange issues that decided to meet annually.
    • Canada joined in 1976- making it the G-7. The EU leadership is always invited to G-7 meets.
  • G 8: In the 1990s after the fall of the Soviet Union and reunification of Germany, Russia was added to make it the G-8. 
    • However, after Russian wars with Georgia in 2008, and the annexation of Crimea in 2014, the club ousted Russia permanently.
  • India: India has been a special invitee to the G-7 on several occasions in the past two decades- including 5 consecutive years from 2005-2009 during the global economic crisis. 
    • This year PM Modi spoke about climate change, energy transitions and food security.

Source:TH

 
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